Business, consumer associations unhappy with OPR increase

Ravin Palanisamy

Business associations say that a third successive increase in the OPR will harm small and medium enterprises because most of their customers are local and having to tighten purse strings. – The Malaysian Insight file pic, September 13, 2022.

BANK Negara Malaysia’s (BNM) decision to increase the overnight policy rate (OPR) will certainly burden borrowers, including small-medium enterprises (SMEs), business and consumer associations have said. 

According to the groups, a third successive OPR increase in a span of five months will only have a negative impact on economic recovery.

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